Daimler labor would oppose equity stake in GM - WSJ

Newswire

NEW YORK, Feb 26 (Reuters) - Labor representatives on the board of DaimlerChrysler AG would oppose a deal that would give it a stake in General Motors Corp. in exchange for giving Chrysler to the U.S. automaker, the Wall Street Journal reported on Monday, citing people familiar with the matter. Earlier on Monday, the Financial Times reported that the German auto maker was considering an equity stake in GM as payment for its loss-making U.S. unit. Other possible options include a sale to ...

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